Blog
Report Accurate Property Values to your Underwriter
“We are usually aware if values are under reported and rates are adjusted upward to reach needed premium level”. – Senior Underwriter Periodically we have discussions with underwriters. Recently they indicated a ground-swell of concern over inaccurate property values. Not over or under, but inaccurate. Property values are used to set premiums and measure risk exposures, such as MFLs. When…
Read MoreAre your property limits adequate or are you mis-insured?
The hard property market for the past few years has had a huge impact on the terms and conditions of property policies. Higher premiums generally get most of the headlines, along with larger deductibles, but behind that, insurers are examining their book of business and exposures, and hence have cut back on their capacity offerings,…
Read MoreStempleCrites celebrates 3rd Anniversary
StempleCrites LLC just celebrated its 3rd Anniversary (8/1/20). The past year has seen our business continue grow, prompting a new(ish) location which allowed us to appropriately space in this locked-down world. We hired two full-time employees Brody Helline, ASA and Ian Groves (Guys, thanks for all your hard work and not panicking as the business landscape morphed before our eyes).…
Read MoreGrounded
We have logged millions of airmiles during our careers to meet with clients and inspect assets, and we expected to add to that total this year. The pandemic has temporarily put an end to that, having slowed the economy to a crawl and even more drastically impaired our ability to travel worldwide for our clients.…
Read More“Can you perform a desktop appraisal?”
The number one business question I am getting right now is, “Can you perform a ‘Desktop’ appraisal?” Can appraisals be done via desktop? – Yes. Should appraisals be done via desktop? – Well, that depends. Any appraiser will tell you they’d prefer to see the asset(s) being valued, for a multitude of reasons. The biggest…
Read MoreA Passion for Work
Recently, a potential client asked me, “Are you passionate about what you do?”, alluding to appraising their buildings and equipment. At that very moment I did not have an answer. I mean, how can anyone associate the words passionate and appraisal? It did make me think about it as I flew back to Atlanta. Here…
Read MoreStempleCrites LLC 1ˢᵗ Anniversary
People have asked throughout this first year how has it been going. We usually answer with an anecdote about lost checks, crashed PCs, middle seat plane travel, big and small opportunities, etc. In retrospect it should be with gratitude to those who have believed in us, without them we would not have made it this far.…
Read MoreStempleCrites published in Insurance Research Letter
For the Insured; it’s more than just a Premium Calculation. “Rate x (the importance of accurate insurable) Value” Simplicity states that insurance premiums for commercial properties are set by this unassuming equation: R x V = Premium. R, Rate, a numerical value, which correlates to the perceived level of risk inherent to a specific property. …
Read MoreStempleCrites to be an exhibitor at RIMS 2018
StempleCrites is excited to be attending the RIMS 2018 annual conference in San Antonio from April 16th to the 18th. Come by booth 539 to catch up and learn more about our services. RIMS 2018 Annual Conference & Exhibition is the premier event for the risk management community. It is not only the largest exhibition…
Read MoreNew year, new dress code?
Although this article is targeted to golfers, it makes us think about our new firm, how we present ourselves in the “business world”, and standards for our employees. What’s your dress code?
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